Revenue Update on Microvision(NASDAQ:MVIS)

Microvision(NASDAQ:MVIS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $4.16M. Analysts estimated a revenue of $2.95M. Earnings per share were $-0.07. Analysts had estimated an EPS of $-0.07.

Microvision (MVIS) made into the market gainers list on Thursdays trading session with the shares advancing 3.65% or 0.05 points. Due to strong positive momentum, the stock ended at $1.42, which is also near the day’s high of $1.45. The stock began the session at $1.4 and the volume stood at 3,85,873 shares. The 52-week high of the shares is $3.5399 and the 52 week low is $1.33. The company has a current market capitalization of $73 M and it has 5,14,94,000 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Nov 16, 2015, Alexander Y Tokman (CEO) purchased 10,000 shares at $2.34 per share price.

Microvision Inc. is a developer of PicoP display technology which can be used by its customers to create high-resolution miniature laser display and imaging engines. The Company’s PicoP technology utilizes its two dimensional Micro-Electrical Mechanical Systems (MEMS) lasers optics and electronics to create a video or still image from a small form factor device. It also provides engineering support to its customers as they prepare to manufacture display engines as well as provide support to original device manufacturers and original equipment manufacturers during the integration and optimization of PicoP display technology for specific products. It focuses to provide users of mobile consumer devices such as smartphones media players tablet personal computers and other consumer electronics products with a large screen viewing experience produced by a small embedded projector.

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